Soaring Club of Houston Inc

Analysis

Soaring Club of Houston Inc is a registered charity in United States, based in Waller, TX. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Soaring Club of Houston Inc reported income of $232k and spending of $221k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $170k to $232k (+37%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Soaring Club of Houston Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Candler Park Conservancy ($232k), Lake Murray Volleyball Club ($232k) and Rocky Mountain Ministries Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 64% of the total. At year end it held assets of $554k against liabilities of $117k, net assets of $437k.